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Keep in mind, also, that Canada has a different employment problem. There is currently such a shortage of skilled trades workers (construction, fabrication, welding, etc.) that the Immigration Ministry has actually relaxed the requirements for work permits and entry visas for those with the right skills and experience.

In Saskatchewan, according to the CBC, they're importing coal miners from China by the hundreds, and still have hundreds of thousands of openings....

Yeah, I'm here on a work visa. I've never been lacking for a good job in my field, but then I've always been willing to move where the work is (specifically, the work that was appropriate for my experience level at the time). Makes me wonder if the real problem isn't that people are tied to these underwater mortgages and can't / don't want to move.